News Highlights: Top Company News of the Day
June 25 2018 - 5:30AM
Dow Jones News
GE Nears Deal to Sell Industrial-Engines Unit
General Electric is nearing a deal to sell a unit that makes
large industrial engines to private-equity firm Advent
International for $3 billion or more, people familiar with the
matter said.
China's Meituan-Dianping Files for Hong Kong IPO
Fast-growing Chinese technology startup Meituan-Dianping applied
to list in Hong Kong and seeks to raise billions of dollars to pay
for its growth strategy.
AT&T Expressed Interest in CBS Before Time Warner
Before AT&T CEO Randall Stephenson set his sights on Time
Warner, he expressed interest in acquiring CBS and met with Shari
Redstone.
Intel's Chip Stumble Is Letting Rivals Pull Ahead
The next chief of Intel will take over just as the chip giant is
falling behind for the first time in an expensive race to shrink
the circuitry on chips.
GE Factories in Wisconsin, South Carolina Caught in U.S. Trade Fight
GE's MRI business offers a window into the complex
interconnections of global trade, where components made in one
country get assembled in another and may be sold back into the
first.
Why Big-Ticket Items May Soon Cost You More Online
The U.S. Supreme Court's ruling enables states to collect sales
tax from all online purchases, eliminating the advantage of buying
some big-ticket items from websites like Amazon.com.
Commonwealth Bank to Spin Off Wealth-Management Arm
Australia's largest bank is overhauling its structure to focus
on core banking operations with plans to exit its wealth-management
and mortgage-broking businesses, and possibly sell its
general-insurance unit.
'Jurassic World' Sequel Falls Short of Previous Installment
"Jurassic World: Fallen Kingdom" opened to an estimated $150
million in the U.S. and Canada. That is a healthy debut by most
measures, but 28% below the $208.8 million start for the first
"Jurassic World."
Why Size Alone Won't Help Old Media Beat Netflix
Even if incumbents such as Disney and AT&T bulk up, tech
companies like Netflix, Amazon, and Apple will still have more
leeway to spend.
Conagra, General Mills Square Off in Battle to Revive Packaged Foods
Earnings this week will offer an update on who's winning the
race to revive older food brands.
(END) Dow Jones Newswires
June 25, 2018 05:15 ET (09:15 GMT)
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